The State of Economic Development Funding in 2024
GrantID: 61724
Grant Funding Amount Low: Open
Deadline: Ongoing
Grant Amount High: Open
Summary
Explore related grant categories to find additional funding opportunities aligned with this program:
Children & Childcare grants, Community/Economic Development grants, Health & Medical grants, Non-Profit Support Services grants, Women grants.
Grant Overview
Building Local Business Partnerships for Economic Growth
This funding addresses recent shifts in economic policy that emphasize support for women-owned businesses. Following a resurgence in local economic empowerment movements, the emphasis is placed on fostering partnerships that cultivate sustainable business practices among women entrepreneurs. This funding specifically excludes unstructured ventures that lack a defined business model or operational plan.
Current priorities include providing mentorship programs and technical assistance to women-owned startups in underserved sectors, with data showing that these business owners often lack access to vital resources. For example, a local grant program might facilitate workshops on digital marketing strategies, which have been shown to significantly enhance market presence for small businesses. Another priority is the development of networking events that connect these businesses with larger companies, fostering collaborations that can yield economic benefits to the entire community.
Emerging capacity requirements underline the importance of operational planning and the ability to develop scalable business models. Organizations seeking funding must demonstrate their ability to provide ongoing support, as well as a clear execution framework for integrating these partnerships into the broader economic landscape.
Assessment criteria will include the potential for job creation, the sustainability of business practices, and evidence of community involvement. Successful applicants will align their initiatives with broader economic development goals while addressing specific needs faced by women entrepreneurs in Monterey County.
Eligible Regions
Interests
Eligible Requirements
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